Match Race Week #40.
GA up .12% for the week and 3.82% YTD, as higher interest rates were the story of the week causing minor loses in equities and a rally in the USD on increased growth and inflation expectations.
QGMIX still continues its remarkable run up .20% for the week now positive .83% YTD, and closing in on the GA. Both of us had good weeks, relative performance wise, against the mutual fund category Alternative Global Macro Funds (AGMF) down -.30% for the week and 3.88%% YTD.
The week started off with the GA 4:1 long/short in equities. At the close on Friday, she's 1:1. I have no long positions, but two shorts, in credit other than JNK which moves inversely to UST.
On the short bond side VTIP remains a hold with SHY and MBB trailing on both a relative and absolute basis.
Concerning currencies I've decided instead of allocating 20% to only a UUP/UDN position to also include the possibility of holding 20% in either FXY, or GCC. Again I consider GCC to be a currency and I've discovered a superior one to FXA in my timing mechanism.
Instead of FXA:FXY, going forward I'll use GCC:FXY.
I'll initiate a very small 'feeler' position in GCC tomorrow.
